"China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S.is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge", Mr. Trump tweeted on July 20.
"China's choice to resort to the WTO dispute settlement mechanism is a necessary move to safeguard its legitimate rights and interests and multilateral trade rules", the ministry spokesperson was quoted as saying by China's official Xinhua News Agency.
On July 6, USA tariffs on 34 billion dollars of Chinese goods came into force, and China responded by enacting tariffs on 34 billion dollars of goods it buys from the United States.
First rankings since World Cup sees Ireland make a climb
Italy, meanwhile, have fallen to an all-time low of 21st following their failure to qualify for the World Cup. England, Portugal , Switzerland , Spain and Denmark make up the top ten countries in the World.
We urge the USA side to take practical actions, respect the rules of the WTO and abandon its erroneous measures to return to the normal trade of the related products, he said.
According to figures from the China Photovoltaic Industry Association (CPIA), US solar module production capacity fell from 1.5 gigawatts in 2011 to 1 GW past year as a result of bankruptcies.
Below is a review of the worldwide trade spat so far this year.
Turkey braces for hard times amid currency crisis, United States spat
The EU had strongly criticized Kilic's imprisonment, expressing concerns over the rule of law in Turkey, an EU candidate country. Overall, the duties will amount to $533 million, a relatively small sum meant as retaliation for U.S.
The Trump administration is due to impose similar increases on an additional $16 billion of Chinese imports on Tuesday.
-Asked what Beijing should do in response to Trump's punitive tariffs, 19 (or 38 percent) said that it should strike back hard. China responded with similar penalties on American imports. "He has yet to get any other countries to remove their tariffs or to remove his own tariffs", Chad Bown, a trade expert at the Peterson Institute for International Economics, wrote on Twitter.
Information for this article was contributed by Joe McDonald of The Associated Press and by Heather Long of The Washington Post.
Turkey's lira is rallying after a $15 billion loan from Qatar
The lira , which has fallen nearly 40% against the dollar this year, rose 4.5% to 5.7TL on Thursday afternoon. But neither President Trump , nor Turkish leader Recep Tayyip Erdogan appears ready to give ground.